Hey everyone, take a look at this chart! This is what some people often call a "stablecoin". Stablecoin? Or should it be "instablecoin" instead? Just look at the price line, I thought I was watching some altcoin.
There, from 0.013 it dropped straight down to 0.010 in just a few hours. Nearly 20% of the money vanished in a blink! If this is what we call "stable", we might have to redefine the dictionary. Those green and yellow lines are clearly support and resistance levels of all kinds, but it seems they are just for show, the price keeps sliding down without brakes.
I used to think stablecoins were a lifeline, a safe haven when BTC was on fire. But alas, this lifebuoy has also deflated, sinking without a trace. Anyone holding this stablecoin who dozed off for a moment would surely wake up startled.
Oh dear, if even stablecoins can't be stable, then where can we put our trust? Next time someone tells me stablecoins are safe, I'll show them this chart to wake them from their dream!
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